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20110731
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institutional behavior from the big multinational corporations and others trying to deprecate as much as they can to make americans believe that the jury system is not a part of their legacy but instead a drag on the a economy and a place where runaway jury is entertained frivolous lawsuits. every american who hears the word "jury" and has the phrase "runaway jury" jump in their mind, every american who hears the word "lawsuit" and has a word "frivolous lawsuit" jump in their mind, has been the subject of indoctrination about this and of public communication. it is happening out there and i think when the supreme court is making decisions that are consistent with that long standing practice and pattern, it is worth our attention and i applaud the chairmen for holding this hearing. anybody who wishes to add information to the hearing has a week before we close it could without anything further, we will be adjourned. thank you all very much. i appreciate it. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> every saturday
are not seeing that, in because you mentioned, th of the big overhang of foreclosed homes, which are weighing on prices. it is a vicious circle. people do not want to buy because prices are falling. prices are falling because people do not want to buy. there are a number of things we are doing. we are keeping mortgage rates globe. -- low. this works to try to modify -- there is work to try to modify mortgages. i think it is worth looking at that area. one area where more work needs to be done is housing finance. we have not begun to clarify for the market out housing finance -- the market and the public housing finance -- how housing finance will be conducted in the future. mi her area i suggest he mighwe ght think about is the overhang of distressed houses. for example, fanny, freddie, and the bank's own about half a million homes right now, which are basically sitting there on the market and which are pressing down prices and reducing appraisals and making the housing market much weaker than it otherwise would be. that is another area to look at. there are various things that one could do t
in a big way, reduce debt and make it sustainable. those are key criteria, but they're not the only ones. and the path that has been clearly opened by my predecessor, dominique strauss- kahn, to include such matters as employment, social affairs, peripheral components of the traditional economic look at the situation of a country, needs to be taken on board as well. i'm not suggesting that the fund should be turned into a specialized boutique on employment and best way to reduce unemployment. boutique on the employment and the best way to reduce the employment. we need to rely on other institutions that exist and the work that has been undertaken together needs to be pursued, the same together with the wto. so the comprehensiveness of the approach must be enhanced. because ultimately we should never lose sight of what we are about. the international monetary fund is here to serve and provide services to its 187 members with a view towhat? help restore stability where there isn't stability and there's plenty of that around. to help make sure the economies of the world work better to provi
big banking sectors, the trade association, a government watchdog groups and consumer advocates across the country. i am pleased to report that out or initiatives on improving market reforms, supervising credit businesses and setting up a strong military service offices have received widespread support from those individuals across this country. in my written testimony, i describe in detail the steps to provide meaningful oversight and to make sure it remains accountable to congress and the american people. i appreciate the opportunity to discuss that oversight today. members of the committee, elijah cummings, thank you for alumnae to testify. we are preparing this agency to begin its various responsibilities in appreciate these important oversight roles of the committee and your efforts. >> i thank the gentle lady for her comments. i will now recognize myself or five minutes. i received from kim wallace in legislative affairs department, it rather interesting response to our document request -- one second. we will leave you with a copy of it. i think he works capri for you for the tre
Search Results 0 to 3 of about 4

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